Andra AP fonden Boosts Stake in Coca-Cola Europacific Partners Amid Hedge Fund Activity
Andra AP fonden has increased its stake in Coca-Cola Europacific Partners by 23.2% in the second quarter, according to a recent 13F filing with the Securities and Exchange Commission.
The firm now owns 60,456 shares of CCEP's stock, valued at $6,050,000.
This is not an isolated move, as several other hedge funds have also added to or reduced their stakes in CCEP. SEB Asset Management AB bought a new position in the company in the first quarter, while Arrowstreet Capital Limited Partnership grew its stake by 157.9% during the same period.
Analysts have been weighing in on CCEP, with Barclays boosting their price objective to $119.00 and giving the company an 'overweight' rating. However, UBS Group cut CCEP's target price from $109.00 to $107.00 in a report last month.